Clementine Fund is a private grantmaking foundation established in July 1999 and based in Tacoma, Washington. As a 501(c)(3) organization, it operates as a family foundation focused on philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.2M
+1.4% YoY
Annual Giving
$815K
-7.6% YoY
Grant Count
36
-18.2% YoY
Avg Grant Size
$23K
+12.9% YoY
Mission & Focus Areas
The organization has not publicly provided a formal mission statement. However, based on grantmaking activity, Clementine Fund supports organizations in the following areas:
- Education
- Human Services
- Arts & Culture
- Hunger Relief and Food Security
- Agriculture
- Community Development
- Basic Needs Support
- General Operating Support
Grantmaking
Grant Range
$75–$100,000
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Geographic Focus
Where this funder awards grants
Primary grantmaking focuses on:
- New York
- Hawaii
- Washington
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Most Recent Filing (2023-2024):
- Total Assets: $37.7–$38.2 million
- Total Revenue (2023): $329,656
- Total Expenses (2023): $1,749,576
- Total Liabilities (2023): $395,000
- Investments: Approximately $36 million
Historical Context: The organization has demonstrated consistent growth in assets and grantmaking capacity over the past decade, with expenses increasing by an average of 85.2% annually over a seven-year period.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,225,384 | $37,679,370 | $34,701,657 |
| Revenue | $6,734,186 | $329,656 | $-52,630 |
| Expenses | $3,201,151 | $1,749,576 | $2,061,775 |
| Qualifying Distributions | $1,688,434 | $1,504,737 | $1,537,476 |
| Net Investment Income | $6,460,150 | $173,863 | $68,231 |
| Distributable Amount | $1,641,824 | $1,621,396 | $1,897,132 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Jileen Russell – Board President
- June Martin – Board Treasurer
- Mariko Taniguchi-Russell – Board Secretary
- Chet Tchozewski – Board Director
- Richard F. Russell – Executive Director (24 hours/week, $126,000 compensation)
- Zac Russell – Senior Advisor & Board Vice President (16 hours/week, $84,000 compensation)
- Holly Powers – Associate Director (30 hours/week, $145,000 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD RUSSELL | EXECUTIVE DIRECTOR | 24 | $134,820 |
| ZAC RUSSEL | SENIOR ADVISOR & BOARD VP | 16 | $155,727 |
| CHET TCHOZEWSKI | BOARD DIRECTOR | 5 | $25,000 |
| JUNE MARTIN | BOARD TREASURER | 10 | — |
| JILEEN RUSSEL | BOARD PRESIDENT | 5 | — |
| MARIKO TANIGUCHI-RUSSELL | BOARD SECRETARY | 5 | — |
| MAREN WENZEL | BOARD DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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